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Hampton Construction Inc. has issued 20-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 12% and the current

Hampton Construction Inc. has issued 20-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 12% and the current yield to maturity is 10%, what is the firm's current price per bond?

Select one:

a. $1,000.00

b. $1,362.74

c. $1,171.59

d. $934.20

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